Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

My daughter, attending her first year in college, wanted to know how to calculate marginal utility. Utility is a pivotal concept in economics. The utility you have for a Ferrari is perhaps more than ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Erika Rasure is globally-recognized as a leading consumer economics subject ...

Marginal Utility is the increase in total utility of consumption of good which results from increasing the quantity of the goods consumed by one unit. In other words, the marginal utility of a good or ...

Running a business involves a wide variety of operational expenses. These include a number of utility costs for items such as electricity, water and natural gas. You can determine the percentage of ...